SAPUTO DAIRY AUSTRALIA WELCOMES ACCC INQUIRY DECISION

December 2023

Saputo Dairy Australia (SDA) is pleased with the Australian Competition and Consumer Commission’s (ACCC) decision not to oppose the sale of its two fresh milk manufacturing sites at Laverton North and Erskine Park to Coles Group Limited.

Fresh milk products remain an important part of SDA’s business and as part of the sale agreement with Coles Group Limited, SDA will continue to have fresh milk products processed at the two manufacturing facilities.                                   

There will also be no changes to SDA’s valued farmer relationships. SDA retains its direct Milk Supply Agreements with farmers, and suppliers’ milk will continue to be collected and processed throughout Victoria, New South Wales, South Australia and Tasmania.

Approximately 48 roles across the two sites will transfer to Coles Group Limited upon completion of the sale process, which is expected to occur towards the middle of calendar 2024.

SDA will continue to work closely with Coles Group Limited to finalise the transaction and ensure the transition has minimal impact on operations and all stakeholders involved.

With a long-term vision for success in Australia, SDA remains committed to the Australian dairy industry. The company will continue to make investment and strategic decisions to maximise its return for every litre of milk and further strengthen its position as a high-quality, low-cost processor.

About Saputo Dairy Australia

Saputo Dairy Australia produces, markets and distributes a wide range of high-quality dairy and non-dairy products for the domestic and international markets including cheese, dairy alternative cheese, fluid milk, extended shelf-life milk and cream products, cultured products and dairy ingredients. Saputo is a leading dairy processor in Australia and is part of Saputo Inc., one of the top ten dairy processors in the world. Saputo Dairy Australia products are sold in several countries under well-known brand names such as Caboolture, CHEER™, Cracker Barrel*, Devondale, Great Ocean Road, King Island Dairy, Liddells,

Mersey Valley, MG Ingredients, Mil Lel, Sheese, South Cape, Sungold and Tasmanian Heritage.